Finance Test Quiz

Finance Test Quiz

Welcome to your Finance Test Quiz ,
Tricky Finance & Accounts Multiple Choice Questions. Click the Next button to Start Quiz and Select the Given Options and Submit.
You can check your answer on result page and in your mail inbox.

1. The profit earned by the company through special transaction, that is not available for distributing dividend to shareholders is known as

Statutory Reserve

General Reserve

Capital Reserve

Revenue Reserve

2. What is Income Tax?

Indirect Tax

Direct Tax

3. Utilization of Capital Reserve:

Option 1 and 2

To write off Fictitious Assets

To distribute dividend to shareholders

To write off Capital Loss

4. CapitalReserve is Created out of

Gross Profit

Capital Profit

Authorized Capital

Net Profit

5. What is full form of BRS in Accounts?

Book resale certificate

Bank realisation certificate

Book realisation certificate

Bank reconciliation statement

6. Reserves Create For :

Known Liability

None of the above

Unknown Liability

7. Why Trail Balance required?

None of the Above

Preparation of P&L Only

Preparation of Balance Sheet Only

Both of the Above

8. In which year the first book on double-entry accounting was published?

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